UGI completed the acquisition of Stonehenge Appalachia from Stonehenge Energy Holdings for $190m.

UGI, a distributor and marketer of energy products and services, completed the acquisition of Stonehenge Appalachia, a midstream natural gas gathering system, from Stonehenge Energy Holdings, an energy company, for $190m. “We are very pleased with this investment and the opportunity to grow our presence in the Appalachian Basin. When we acquired the assets of Columbia Midstream Group in 2019, we committed to additional investments to build or buy quality systems in the region. The acquisition of Stonehenge, in addition to our recent purchase of an ownership stake in the Pine Run gathering system, demonstrates our commitment to the Appalachian basin, which averaged a record 31.9 billion cubic feet per day of production in the first half of 2021, the highest for a six month period since production began in 2008,” ”, Robert F. Beard, Stonehenge Energy Executive Vice President.